An integral process of accounting, the month-end close is sometimes a challenge for organizations, often due to the high volume of work. Many companies are still using the manual status quo, which can be inefficient and present a barrier to an efficient and fast month end close. The manual process increases the chance of inaccurate data and inconsistent standards, resulting in a repetitive, costly, and time-consuming month-end close.
Having seen how many companies are struggling with the month-end close, experienced CPA and auditor Shagun Malhotra founded SkyStem LLC, an accounting technology company that aims to deliver powerful account reconciliation and financial close applications for enterprises. SkyStem's flagship offering is ART, an award-winning software-as-a-service product that transforms the close and account reconciliation process, giving accounting teams extensive insight into their balance sheet.
